Bitcoin $200K Dreams Pushed to 2029!

Veteran trader Peter Brandt expects Bitcoin to reach $200,000 only by 2029.

Author

Danielle du Toit
November 21, 2025

Here's what we've got for you today:

  • Bitcoin Won’t Hit $200K Until Q3 2029: Veteran Trader Peter Brandt

  • Crypto Groups Urge Trump to Stop Roman Storm Retrial

  • Kalshi Secures $1 Billion in Latest Funding at $11 billion Valuation: Report

  • Bitcoiners Lose Their Mind After Scott Bessent Walks Into a Bitcoin Bar

Veteran trader Peter Brandt expects Bitcoin to reach $200,000 only by 2029.

  • Peter Brandt believes Bitcoin won’t reach $200,000 this year and instead sees the milestone arriving around Q3 2029, despite remaining long-term bullish.

  • His outlook is far more conservative than Arthur Hayes and Tom Lee, who both reaffirmed year-end $200,000 predictions as recently as October.

  • Brandt’s view also diverges sharply from Brian Armstrong and Cathie Wood, who project Bitcoin could hit $1 million by 2030.

Crypto groups are urging President Trump to stop a retrial of Tornado Cash co-founder Roman Storm.

  • More than 65 crypto firms and advocacy groups are urging President Trump to intervene and stop a potential retrial of Tornado Cash co-founder Roman Storm.

  • The organizations argue Storm merely published open-source software and that prosecuting him threatens innovation, free speech principles, and the safety of US crypto developers.

  • They also called on the administration to clarify tax policy and protect DeFi from regulatory overreach.

🤑 Kalshi Secures $1 Billion in Latest Funding at $11 billion Valuation: Report

Kalshi secured a $1 billion funding round at an $11 billion valuation, and overtook Polymarket in monthly trading volume.

  • Kalshi raised $1 billion in a new funding round led by Sequoia and CapitalG, boosting its valuation to $11 billion.

  • The round also drew participation from major investors including Andreessen Horowitz, Paradigm, Anthos Capital, and Neo.

  • The US-regulated platform also surpassed rival Polymarket in trading volume since September, with $4.4 billion in activity in October.

Treasury Secretary Scott Bessent’s surprise visit to a Bitcoin-themed bar energized the crypto community.

  • US Treasury Secretary Scott Bessent made a surprise appearance at the launch of Washington’s new Bitcoin-themed bar, Pubkey.

  • Bitcoin executives and analysts, including Ben Werkman and Steven Lubka, hailed the moment as a major positive signal for the industry.

  • Bessent is broadly seen as pro-crypto, having supported multiple digital-asset bills and publicly stating that the US should position itself as a global hub for digital assets.

👀 QUICK NEWS

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